Multiple Choice
On a vacation to Cancun,Mexico,you find yourself eating every meal at the local McDonald's rather than having a hamburger from one of the street vendors.Your traveling companion claims that you are irrational,since you never eat McDonald's hamburgers when you are home,and McDonald's hamburgers cost more than those prepared and sold by Cancun's street vendors.An economist would most likely explain your behavior by suggesting that
A) your behavior is rational,but your friend's behavior is clearly irrational.
B) you are clearly irrational,but your friend's behavior is rational.
C) the McDonald's brand name suggests consistent quality.
D) the advertising by McDonald's in Cancun is more persuasive than the advertising by McDonald's in your home town.
Correct Answer:

Verified
Correct Answer:
Verified
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